A good broker is an important aspect in trading!

One critical aspect in online trading is choosing the right brokerage, there are probably hundreds of brokers that offers their services to traders all around the globe and a lot of them offers perks and bonuses just to lure traders to sign up with them. But be aware that most brokers that offers bonuses has conditions lies underneath and it is very important to know and evaluate them thoroughly before you sign up.

It is important that traders will be able to choose the right broker before they start trading to avoid getting scammed, there are lots of crooked brokers in this business. Signing up with a bad broker will only keep the odds more against the trader. Choosing the right broker is one step towards a successful trading career.

Criteria in picking the right and reliable broker:

1. It must be regulated by a reputable organisation or government body such as Cysec,FCA,BAFIN,etc.When you visit their site you must look for the regulation logo or page, but not just believe on what you see, try to verify and confirmed with the regulating body itself if its really true.
2. Search and read reviews on a particular broker, if there are a lot issues and complaints pertaining to   withdrawals,bad support,slippage, spread widening,stop loss hunting,etc. then stay away with such broker.

In conclusion, it is very rare to find a broker that has it all but what is important is that we choose a broker that is fair and honest in dealing with their clients and do not have a reputation of stealing or keeping our money unreasonably or do some price manipulations.

Know more about honest and reliable broker here!